JPMorgan Chase & Co. Raises Stake in Bank First Co. (NASDAQ:BFC)

JPMorgan Chase & Co. boosted its stake in Bank First Co. (NASDAQ:BFC - Free Report) by 130.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,865 shares of the company's stock after buying an additional 13,502 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.24% of Bank First worth $2,165,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC grew its stake in Bank First by 212.6% in the 3rd quarter. Quest Partners LLC now owns 2,057 shares of the company's stock valued at $187,000 after purchasing an additional 1,399 shares during the period. PDT Partners LLC bought a new position in Bank First in the 3rd quarter valued at $306,000. SG Americas Securities LLC grew its stake in Bank First by 91.7% in the 3rd quarter. SG Americas Securities LLC now owns 3,696 shares of the company's stock valued at $335,000 after purchasing an additional 1,768 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Bank First by 30.7% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 5,268 shares of the company's stock valued at $435,000 after purchasing an additional 1,237 shares during the period. Finally, Marshall Wace LLP grew its stake in Bank First by 61.4% in the 2nd quarter. Marshall Wace LLP now owns 6,513 shares of the company's stock valued at $538,000 after purchasing an additional 2,478 shares during the period. 29.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their price objective on Bank First from $99.00 to $104.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th.

Bank First Stock Performance

Shares of BFC stock traded down $0.71 on Wednesday, hitting $99.37. 18,741 shares of the stock were exchanged, compared to its average volume of 18,526. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $994.69 million, a PE ratio of 12.21 and a beta of 0.35. Bank First Co. has a one year low of $74.90 and a one year high of $110.49. The firm's 50 day moving average is $102.18 and its two-hundred day moving average is $94.64.

Bank First (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.19. Bank First had a return on equity of 10.10% and a net margin of 32.02%. Sell-side analysts expect that Bank First Co. will post 6.35 earnings per share for the current fiscal year.

Bank First Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Wednesday, March 26th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, March 26th. This represents a $1.80 dividend on an annualized basis and a yield of 1.81%. Bank First's dividend payout ratio (DPR) is 22.11%.

Bank First Profile

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.